Riocan REIT Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   CAD per share 
 Price  23.80
 Dividend  1.44
 Earnings  2.31
 Cash-flow  1.16
 Book value  26.44
 Equity  25.96

Riocan REIT is part of Real Estate Investment Trusts business, which is part of Financials industry. Riocan REIT is a company from Canada, and his stocks are publicly traded.

Riocan REIT paid a total dividend of 442 million CAD last year, for a market value of 7,307 millions (Market Cap 7,271 millions). Dividend per share of Riocan REIT is 1.44 CAD, and his stock market price 23.80 CAD.

According to the chart below, where dividend yield is displayed, Riocan REIT has a dividend yield of 6.05%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Riocan REIT dividend yield with other Real Estate Investment Trusts companies or firms from Canada.

Dividend yield of Riocan REIT

Riocan REIT Dividend Payout

About the ability of Riocan REIT to maintain his current dividend of CAD 1.44 per share, an amount that accounts for 6.05%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Riocan REIT payout on ernings is currently 62.34%, which is higher than the market average, and companies of Financials industry, which are 40.41% and 45.44% respectively. Both figures show that Riocan REIT can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Riocan REIT is CAD 1.16 per share, which is lower than the dividend per share paid by the company of CAD 1.44, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Riocan REIT, compared againt world market average, Canada companies, Financials industry and Real Estate Investment Trusts sector companies.

Riocan REIT payout

Riocan REIT Stock performance

Finally, last moth Riocan REIT showed a return of -3.80% compared to a worldwide -5.60% average, and a -5.58% of Financials firms. Over the last year, the company obtained a -2.30% versus a worldwide performance of a -11.41%. More detailed information can be seen in the following graph for Canada and Real Estate Investment Trusts firms.

Riocan REIT stock and market return

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